Results tagged “Ambac” from Dealbreaker
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S&P Successfully Finds Somebody Worse Off Than They Are
Jun 24, 2009, 3:14pm
Posted by Greg Michaels
Ambac may have just suffered the ultimate humiliation- being told by a rating agency that their business model is completely broken and they have no real prospects going forward. The bond insurer's shame spiral began last week when it couldn't...
Ambac Spared The Embarrassment Of Wrapping Munis
Jun 19, 2009, 2:28pm
Posted by Greg Michaels
With tax receipts down and unemployment up. the brave souls at Ambac tried to pick now as an opportunistic time to launch Everspan Financial Guarantee Corp,, a bond insurer focused on wrapping municipal and public purpose debt. While Ambac thought...
Update: Charlie Gasparino's (Stomach Has) Got Something To Say
May 12, 2008, 3:15pm
Posted by Bess Levin
Sooo. Moments after we announced our latest market moving experiment, inspired by the stomach rumblings of Charlie Gasparino, C to the G called us to “set the record straight.” Gasparino, who seemed a bit perturbed at Barron’s writer Jonathan Laing’s...
Breaking News From Charlie Gasparino By Way Of The Nitrates Acting Up In His Stomach
May 12, 2008, 2:28pm
Posted by Bess Levin
Barron’s has an article today about how even though no one knows anything about credit-default swaps, few people can resist speculating, the analysts in Charlie Gasparino’s lower abdomen included. Around 3 pm on January 30th the CNBC on-air editor said...
Another Alphabet Soup Ready To Run Off The Rails
Feb 27, 2008, 10:02am
Posted by John Carney
If it's a day that ends in the letter y, it's probably time to learn about problems in another dark corner of the credit markets. On the lesson plan for today are financial creatures known as variable interest rate entities....
Is Muni Bond Insurance A Racket?
The Portfolio Gang Responds!
Posted in Bond Insurers, Feb 26, 2008, 5:31pm
Posted by John Carney
Although it looks like MBIA is now out of the woods, rival bond insurer Ambac’s fate is still murky. Reports indicate that the ratings agencies are now considering the rescue plan worked out by banks and state insurance regulators. The...
Dinallo's Strong Arm Tactics
Feb 20, 2008, 8:46am
Posted by John Carney
Eric Dinallo, the former Spitzer aide who is now New York State's insurance regulator, insists that the bond insurers are not on the verge of insolvency. But his plan to split the municipal bond business from the rest of their...
Bond Insurer Split: Worst Possible Outcome For Wall Street
Posted in Bond Insurers, Feb 19, 2008, 3:05pm
Posted by John Carney
When he first approached Wall Street to explore plans to rescue bond insurers, New York state’s top insurance regulator Eric Dinallo warned top bankers that they had helped create the mess and that they were facing serious losses if something...
